UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 27, 2004
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-40 54-2157793
Pooling and Servicing Agreement) (Commission 54-2157792
(State or other File Number) 54-2157794
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On September 27, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-7
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2004-7 Trust, relating to the
September 27, 2004 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-7 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 9/28/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-7 Trust,
relating to the September 27, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 8/31/2004
Distribution Date: 9/27/2004
BAA Series: 2004-7
Contact: Customer Service - SecuritiesLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-A-1 05949ALX6 SEN 6.00000% 143,697,801.63 718,489.01 869,749.46
1-A-R 05949ALY4 SEN 6.00000% 0.00 0.00 0.00
1-A-LR 05949ALZ1 SEN 6.00000% 0.00 0.00 0.00
2-A-1 05949AMA5 SEN 6.00000% 105,385,589.24 526,927.95 887,321.61
2-A-2 05949AMB3 SEN 6.00000% 1,064,894.43 5,324.47 8,966.16
CB-IO 05949AMC1 IO 6.00000% 0.00 39,885.00 0.00
3-A-1 05949AMD9 SEN 6.00000% 5,228,000.00 26,140.00 0.00
3-A-2 05949AME7 SEN 6.00000% 38,806,883.50 194,034.42 53,937.33
3-A-3 05949AMF4 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-A-4 05949AMG2 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-IO 05949AMH0 IO 6.00000% 0.00 4,777.67 0.00
4-A-1 05949AMJ6 SEN 5.00000% 34,211,883.84 142,549.52 133,409.03
5-A-1 05949AMK3 SEN 5.50000% 53,742,851.80 246,321.40 1,121,968.54
15-IO 05949ANA4 IO 5.00000% 0.00 11,792.92 0.00
X-PO 05949AML1 PO 0.00000% 4,702,119.88 0.00 6,003.30
15-PO 05949AMM9 PO 0.00000% 943,712.59 0.00 7,712.31
15-B-1 05949AMR8 SUB 5.30420% 2,411,364.88 10,658.64 8,687.94
15-B-2 05949AMS6 SUB 5.30420% 278,004.46 1,228.83 1,001.63
15-B-3 05949AMT4 SUB 5.30420% 278,004.46 1,228.83 1,001.63
15-B-4 05949AMX5 SUB 5.30420% 186,332.74 823.62 671.34
15-B-5 05949AMY3 SUB 5.30420% 92,668.15 409.61 333.88
15-B-6 05949AMZ0 SUB 5.30420% 185,534.60 820.09 668.40
30-B-1 05949AMN7 SUB 6.00000% 6,737,620.91 33,688.10 6,419.86
30-B-2 05949AMP2 SUB 6.00000% 3,206,963.69 16,034.82 3,055.72
30-B-3 05949AMQ0 SUB 6.00000% 1,925,177.27 9,625.89 1,834.38
30-B-4 05949AMU1 SUB 6.00000% 1,764,329.56 8,821.65 1,681.12
30-B-5 05949AMV9 SUB 6.00000% 1,442,634.13 7,213.17 1,374.60
30-B-6 05949AMW7 SUB 6.00000% 963,293.97 4,816.47 917.86
Totals 411,495,665.73 2,032,812.08 3,116,716.10
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 142,828,052.17 1,588,238.47 0.00
1-A-R 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00
2-A-1 0.00 104,498,267.63 1,414,249.56 0.00
2-A-2 0.00 1,055,928.27 14,290.63 0.00
CB-IO 0.00 0.00 39,885.00 0.00
3-A-1 0.00 5,228,000.00 26,140.00 0.00
3-A-2 0.00 38,752,946.18 247,971.75 0.00
3-A-3 0.00 2,120,000.00 10,600.00 0.00
3-A-4 0.00 2,120,000.00 10,600.00 0.00
3-IO 0.00 0.00 4,777.67 0.00
4-A-1 0.00 34,078,474.81 275,958.55 0.00
5-A-1 0.00 52,620,883.27 1,368,289.94 0.00
15-IO 0.00 0.00 11,792.92 0.00
X-PO 0.00 4,696,116.58 6,003.30 0.00
15-PO 0.00 936,000.28 7,712.31 0.00
15-B-1 0.00 2,402,676.94 19,346.58 0.00
15-B-2 0.00 277,002.84 2,230.46 0.00
15-B-3 0.00 277,002.84 2,230.46 0.00
15-B-4 0.00 185,661.40 1,494.96 0.00
15-B-5 0.00 92,334.28 743.49 0.00
15-B-6 0.00 184,866.20 1,488.49 0.00
30-B-1 0.00 6,731,201.05 40,107.96 0.00
30-B-2 0.00 3,203,907.97 19,090.54 0.00
30-B-3 0.00 1,923,342.89 11,460.27 0.00
30-B-4 0.00 1,762,648.44 10,502.77 0.00
30-B-5 0.00 1,441,259.54 8,587.77 0.00
30-B-6 0.00 962,376.10 5,734.33 0.00
Totals 0.00 408,378,949.68 5,149,528.18 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1-A-1 145,430,000.00 143,697,801.63 136,480.67 733,268.80 0.00 0.00
1-A-R 50.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 105,495,000.00 105,385,589.24 99,599.57 787,722.05 0.00 0.00
2-A-2 1,066,000.00 1,064,894.43 1,006.43 7,959.73 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 5,228,000.00 5,228,000.00 0.00 0.00 0.00 0.00
3-A-2 38,861,000.00 38,806,883.50 47,248.39 6,688.93 0.00 0.00
3-A-3 2,120,000.00 2,120,000.00 0.00 0.00 0.00 0.00
3-A-4 2,120,000.00 2,120,000.00 0.00 0.00 0.00 0.00
3-IO 0.00 0.00 0.00 0.00 0.00 0.00
4-A-1 34,348,000.00 34,211,883.84 127,556.42 5,852.61 0.00 0.00
5-A-1 54,305,000.00 53,742,851.80 189,289.71 932,678.83 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 4,719,787.00 4,702,119.88 5,123.42 879.88 0.00 0.00
15-PO 947,416.00 943,712.59 3,604.84 4,107.47 0.00 0.00
15-B-1 2,420,000.00 2,411,364.88 8,687.94 0.00 0.00 0.00
15-B-2 279,000.00 278,004.46 1,001.63 0.00 0.00 0.00
15-B-3 279,000.00 278,004.46 1,001.63 0.00 0.00 0.00
15-B-4 187,000.00 186,332.74 671.34 0.00 0.00 0.00
15-B-5 93,000.00 92,668.15 333.88 0.00 0.00 0.00
15-B-6 186,199.00 185,534.60 668.40 0.00 0.00 0.00
30-B-1 6,744,000.00 6,737,620.91 6,419.86 0.00 0.00 0.00
30-B-2 3,210,000.00 3,206,963.69 3,055.72 0.00 0.00 0.00
30-B-3 1,927,000.00 1,925,177.27 1,834.38 0.00 0.00 0.00
30-B-4 1,766,000.00 1,764,329.56 1,681.12 0.00 0.00 0.00
30-B-5 1,444,000.00 1,442,634.13 1,374.60 0.00 0.00 0.00
30-B-6 964,206.00 963,293.97 917.86 0.00 0.00 0.00
Totals 414,139,708.00 411,495,665.73 637,557.81 2,479,158.30 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1-A-1 869,749.46 142,828,052.17 0.98210859 869,749.46
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 887,321.61 104,498,267.63 0.99055185 887,321.61
2-A-2 8,966.16 1,055,928.27 0.99055185 8,966.16
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 0.00 5,228,000.00 1.00000000 0.00
3-A-2 53,937.33 38,752,946.18 0.99721948 53,937.33
3-A-3 0.00 2,120,000.00 1.00000000 0.00
3-A-4 0.00 2,120,000.00 1.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
4-A-1 133,409.03 34,078,474.81 0.99215310 133,409.03
5-A-1 1,121,968.54 52,620,883.27 0.96898781 1,121,968.54
15-IO 0.00 0.00 0.00000000 0.00
X-PO 6,003.30 4,696,116.58 0.99498485 6,003.30
15-PO 7,712.31 936,000.28 0.98795068 7,712.31
15-B-1 8,687.94 2,402,676.94 0.99284171 8,687.94
15-B-2 1,001.63 277,002.84 0.99284172 1,001.63
15-B-3 1,001.63 277,002.84 0.99284172 1,001.63
15-B-4 671.34 185,661.40 0.99284171 671.34
15-B-5 333.88 92,334.28 0.99284172 333.88
15-B-6 668.40 184,866.20 0.99284207 668.40
30-B-1 6,419.86 6,731,201.05 0.99810217 6,419.86
30-B-2 3,055.72 3,203,907.97 0.99810217 3,055.72
30-B-3 1,834.38 1,923,342.89 0.99810217 1,834.38
30-B-4 1,681.12 1,762,648.44 0.99810217 1,681.12
30-B-5 1,374.60 1,441,259.54 0.99810217 1,374.60
30-B-6 917.86 962,376.10 0.99810217 917.86
Totals 3,116,716.10 408,378,949.68 0.98608982 3,116,716.10
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1-A-1 145,430,000.00 988.08912625 0.93846297 5.04207385 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 105,495,000.00 998.96288203 0.94411650 7.46691360 0.00000000
2-A-2 1,066,000.00 998.96287992 0.94411820 7.46691370 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 5,228,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 998.60743419 1.21583052 0.17212449 0.00000000
3-A-3 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 34,348,000.00 996.03714452 3.71364912 0.17039158 0.00000000
5-A-1 54,305,000.00 989.64831599 3.48567738 17.17482423 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 4,719,787.00 996.25679718 1.08551933 0.18642367 0.00000000
15-PO 947,416.00 996.09104132 3.80491780 4.33544504 0.00000000
15-B-1 2,420,000.00 996.43176860 3.59005785 0.00000000 0.00000000
15-B-2 279,000.00 996.43175627 3.59007168 0.00000000 0.00000000
15-B-3 279,000.00 996.43175627 3.59007168 0.00000000 0.00000000
15-B-4 187,000.00 996.43176471 3.59005348 0.00000000 0.00000000
15-B-5 93,000.00 996.43172043 3.59010753 0.00000000 0.00000000
15-B-6 186,199.00 996.43177461 3.58970779 0.00000000 0.00000000
30-B-1 6,744,000.00 999.05410884 0.95193654 0.00000000 0.00000000
30-B-2 3,210,000.00 999.05410903 0.95193769 0.00000000 0.00000000
30-B-3 1,927,000.00 999.05411002 0.95193565 0.00000000 0.00000000
30-B-4 1,766,000.00 999.05411099 0.95193658 0.00000000 0.00000000
30-B-5 1,444,000.00 999.05410665 0.95193906 0.00000000 0.00000000
30-B-6 964,206.00 999.05411292 0.95193351 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 5.98053675 982.10858949 0.98210859 5.98053675
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 8.41103000 990.55185203 0.99055185 8.41103000
2-A-2 0.00000000 8.41103189 990.55184803 0.99055185 8.41103189
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-2 0.00000000 1.38795528 997.21947917 0.99721948 1.38795528
3-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 0.00000000 3.88404070 992.15310382 0.99215310 3.88404070
5-A-1 0.00000000 20.66050161 968.98781457 0.96898781 20.66050161
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 1.27194299 994.98485419 0.99498485 1.27194299
15-PO 0.00000000 8.14036284 987.95067848 0.98795068 8.14036284
15-B-1 0.00000000 3.59005785 992.84171074 0.99284171 3.59005785
15-B-2 0.00000000 3.59007168 992.84172043 0.99284172 3.59007168
15-B-3 0.00000000 3.59007168 992.84172043 0.99284172 3.59007168
15-B-4 0.00000000 3.59005348 992.84171123 0.99284171 3.59005348
15-B-5 0.00000000 3.59010753 992.84172043 0.99284172 3.59010753
15-B-6 0.00000000 3.58970779 992.84206682 0.99284207 3.58970779
30-B-1 0.00000000 0.95193654 998.10217230 0.99810217 0.95193654
30-B-2 0.00000000 0.95193769 998.10217134 0.99810217 0.95193769
30-B-3 0.00000000 0.95193565 998.10217436 0.99810217 0.95193565
30-B-4 0.00000000 0.95193658 998.10217441 0.99810217 0.95193658
30-B-5 0.00000000 0.95193906 998.10217452 0.99810217 0.95193906
30-B-6 0.00000000 0.95193351 998.10216904 0.99810217 0.95193351
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 145,430,000.00 6.00000% 143,697,801.63 718,489.01 0.00 0.00
1-A-R 50.00 6.00000% 0.00 0.00 0.00 0.00
1-A-LR 50.00 6.00000% 0.00 0.00 0.00 0.00
2-A-1 105,495,000.00 6.00000% 105,385,589.24 526,927.95 0.00 0.00
2-A-2 1,066,000.00 6.00000% 1,064,894.43 5,324.47 0.00 0.00
CB-IO 0.00 6.00000% 7,976,999.45 39,885.00 0.00 0.00
3-A-1 5,228,000.00 6.00000% 5,228,000.00 26,140.00 0.00 0.00
3-A-2 38,861,000.00 6.00000% 38,806,883.50 194,034.42 0.00 0.00
3-A-3 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-A-4 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-IO 0.00 6.00000% 955,533.48 4,777.67 0.00 0.00
4-A-1 34,348,000.00 5.00000% 34,211,883.84 142,549.52 0.00 0.00
5-A-1 54,305,000.00 5.50000% 53,742,851.80 246,321.40 0.00 0.00
15-IO 0.00 5.00000% 2,830,299.61 11,792.92 0.00 0.00
X-PO 4,719,787.00 0.00000% 4,702,119.88 0.00 0.00 0.00
15-PO 947,416.00 0.00000% 943,712.59 0.00 0.00 0.00
15-B-1 2,420,000.00 5.30420% 2,411,364.88 10,658.64 0.00 0.00
15-B-2 279,000.00 5.30420% 278,004.46 1,228.83 0.00 0.00
15-B-3 279,000.00 5.30420% 278,004.46 1,228.83 0.00 0.00
15-B-4 187,000.00 5.30420% 186,332.74 823.62 0.00 0.00
15-B-5 93,000.00 5.30420% 92,668.15 409.61 0.00 0.00
15-B-6 186,199.00 5.30420% 185,534.60 820.09 0.00 0.00
30-B-1 6,744,000.00 6.00000% 6,737,620.91 33,688.10 0.00 0.00
30-B-2 3,210,000.00 6.00000% 3,206,963.69 16,034.82 0.00 0.00
30-B-3 1,927,000.00 6.00000% 1,925,177.27 9,625.89 0.00 0.00
30-B-4 1,766,000.00 6.00000% 1,764,329.56 8,821.65 0.00 0.00
30-B-5 1,444,000.00 6.00000% 1,442,634.13 7,213.17 0.00 0.00
30-B-6 964,206.00 6.00000% 963,293.97 4,816.47 0.00 0.00
Totals 414,139,708.00 2,032,812.08 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.00 0.00 718,489.01 0.00 142,828,052.17
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.00 0.00 526,927.95 0.00 104,498,267.63
2-A-2 0.00 0.00 5,324.47 0.00 1,055,928.27
CB-IO 0.00 0.00 39,885.00 0.00 7,832,552.43
3-A-1 0.00 0.00 26,140.00 0.00 5,228,000.00
3-A-2 0.00 0.00 194,034.42 0.00 38,752,946.18
3-A-3 0.00 0.00 10,600.00 0.00 2,120,000.00
3-A-4 0.00 0.00 10,600.00 0.00 2,120,000.00
3-IO 0.00 0.00 4,777.67 0.00 954,684.12
4-A-1 0.00 0.00 142,549.52 0.00 34,078,474.81
5-A-1 0.00 0.00 246,321.40 0.00 52,620,883.27
15-IO 0.00 0.00 11,792.92 0.00 2,764,254.72
X-PO 0.00 0.00 0.00 0.00 4,696,116.58
15-PO 0.00 0.00 0.00 0.00 936,000.28
15-B-1 0.00 0.00 10,658.64 0.00 2,402,676.94
15-B-2 0.00 0.00 1,228.83 0.00 277,002.84
15-B-3 0.00 0.00 1,228.83 0.00 277,002.84
15-B-4 0.00 0.00 823.62 0.00 185,661.40
15-B-5 0.00 0.00 409.61 0.00 92,334.28
15-B-6 0.00 0.00 820.09 0.00 184,866.20
30-B-1 0.00 0.00 33,688.10 0.00 6,731,201.05
30-B-2 0.00 0.00 16,034.82 0.00 3,203,907.97
30-B-3 0.00 0.00 9,625.89 0.00 1,923,342.89
30-B-4 0.00 0.00 8,821.65 0.00 1,762,648.44
30-B-5 0.00 0.00 7,213.17 0.00 1,441,259.54
30-B-6 0.00 0.00 4,816.47 0.00 962,376.10
Totals 0.00 0.00 2,032,812.08 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 145,430,000.00 6.00000% 988.08912625 4.94044564 0.00000000 0.00000000
1-A-R 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 105,495,000.00 6.00000% 998.96288203 4.99481445 0.00000000 0.00000000
2-A-2 1,066,000.00 6.00000% 998.96287992 4.99481238 0.00000000 0.00000000
CB-IO 0.00 6.00000% 988.65941146 4.94329740 0.00000000 0.00000000
3-A-1 5,228,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 6.00000% 998.60743419 4.99303724 0.00000000 0.00000000
3-A-3 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-IO 0.00 6.00000% 999.06159462 4.99531069 0.00000000 0.00000000
4-A-1 34,348,000.00 5.00000% 996.03714452 4.15015489 0.00000000 0.00000000
5-A-1 54,305,000.00 5.50000% 989.64831599 4.53588804 0.00000000 0.00000000
15-IO 0.00 5.00000% 983.95612437 4.09981891 0.00000000 0.00000000
X-PO 4,719,787.00 0.00000% 996.25679718 0.00000000 0.00000000 0.00000000
15-PO 947,416.00 0.00000% 996.09104132 0.00000000 0.00000000 0.00000000
15-B-1 2,420,000.00 5.30420% 996.43176860 4.40439669 0.00000000 0.00000000
15-B-2 279,000.00 5.30420% 996.43175627 4.40440860 0.00000000 0.00000000
15-B-3 279,000.00 5.30420% 996.43175627 4.40440860 0.00000000 0.00000000
15-B-4 187,000.00 5.30420% 996.43176471 4.40438503 0.00000000 0.00000000
15-B-5 93,000.00 5.30420% 996.43172043 4.40440860 0.00000000 0.00000000
15-B-6 186,199.00 5.30420% 996.43177461 4.40437382 0.00000000 0.00000000
30-B-1 6,744,000.00 6.00000% 999.05410884 4.99526987 0.00000000 0.00000000
30-B-2 3,210,000.00 6.00000% 999.05410903 4.99527103 0.00000000 0.00000000
30-B-3 1,927,000.00 6.00000% 999.05411002 4.99527244 0.00000000 0.00000000
30-B-4 1,766,000.00 6.00000% 999.05411099 4.99527180 0.00000000 0.00000000
30-B-5 1,444,000.00 6.00000% 999.05410665 4.99527008 0.00000000 0.00000000
30-B-6 964,206.00 6.00000% 999.05411292 4.99527072 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 0.00000000 4.94044564 0.00000000 982.10858949
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 4.99481445 0.00000000 990.55185203
2-A-2 0.00000000 0.00000000 4.99481238 0.00000000 990.55184803
CB-IO 0.00000000 0.00000000 4.94329740 0.00000000 970.75682707
3-A-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-2 0.00000000 0.00000000 4.99303724 0.00000000 997.21947917
3-A-3 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-4 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-IO 0.00000000 0.00000000 4.99531069 0.00000000 998.17354310
4-A-1 0.00000000 0.00000000 4.15015489 0.00000000 992.15310382
5-A-1 0.00000000 0.00000000 4.53588804 0.00000000 968.98781457
15-IO 0.00000000 0.00000000 4.09981891 0.00000000 960.99556085
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 994.98485419
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 987.95067848
15-B-1 0.00000000 0.00000000 4.40439669 0.00000000 992.84171074
15-B-2 0.00000000 0.00000000 4.40440860 0.00000000 992.84172043
15-B-3 0.00000000 0.00000000 4.40440860 0.00000000 992.84172043
15-B-4 0.00000000 0.00000000 4.40438503 0.00000000 992.84171123
15-B-5 0.00000000 0.00000000 4.40440860 0.00000000 992.84172043
15-B-6 0.00000000 0.00000000 4.40437382 0.00000000 992.84206682
30-B-1 0.00000000 0.00000000 4.99526987 0.00000000 998.10217230
30-B-2 0.00000000 0.00000000 4.99527103 0.00000000 998.10217134
30-B-3 0.00000000 0.00000000 4.99527244 0.00000000 998.10217436
30-B-4 0.00000000 0.00000000 4.99527180 0.00000000 998.10217441
30-B-5 0.00000000 0.00000000 4.99527008 0.00000000 998.10217452
30-B-6 0.00000000 0.00000000 4.99527072 0.00000000 998.10216904
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1-IO 6.00000% 4,784,247.66 4,736,120.31 0.00 0.00 97.19697390%
2-IO 6.00000% 3,192,751.79 3,096,432.12 0.00 0.00 96.89074734%
3-IO-1 6.00000% 955,533.48 954,684.12 0.00 0.00 99.81735431%
15-IO-1 5.00000% 800,413.67 797,439.52 0.00 0.00 99.24512231%
15-IO-2 5.00000% 2,029,885.94 1,966,815.19 0.00 0.00 94.88028572%
X-PO-1 0.00000% 0.00 0.00 2,093,607.10 2,091,174.85 99.19544327%
X-PO-2 0.00000% 0.00 0.00 1,253,145.75 1,251,669.24 99.76798929%
X-PO-3 0.00000% 0.00 0.00 1,335,444.20 1,333,614.41 99.74148044%
X-PO-4 0.00000% 0.00 0.00 9,960.50 9,919.91 99.19910000%
X-PO-5 0.00000% 0.00 0.00 9,962.34 9,738.17 97.38170000%
15-PO-4 0.00000% 0.00 0.00 733,890.85 730,899.80 99.19907818%
15-PO-5 0.00000% 0.00 0.00 209,821.74 205,100.48 97.38170596%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,237,142.43
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 5,237,142.43
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 87,614.25
Payment of Interest and Principal 5,149,528.18
Total Withdrawals (Pool Distribution Amount) 5,237,142.43
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 85,728.25
Trustee Fee - Wells Fargo Bank, N.A. 1,886.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 87,614.25
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 1 0 0 1
79,294.53 0.00 0.00 79,294.53
30 Days 14 0 0 0 14
1,729,819.93 0.00 0.00 0.00 1,729,819.93
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 14 1 0 0 15
1,729,819.93 79,294.53 0.00 0.00 1,809,114.46
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.034352% 0.000000% 0.000000% 0.034352%
0.019393% 0.000000% 0.000000% 0.019393%
30 Days 0.480934% 0.000000% 0.000000% 0.000000% 0.480934%
0.423058% 0.000000% 0.000000% 0.000000% 0.423058%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.480934% 0.034352% 0.000000% 0.000000% 0.515287%
0.423058% 0.019393% 0.000000% 0.000000% 0.442451%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 - 30 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 6 0 0 0 6
714,105.55 0.00 0.00 0.00 714,105.55
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 6 0 0 0 6
714,105.55 0.00 0.00 0.00 714,105.55
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.486224% 0.000000% 0.000000% 0.000000% 0.486224%
0.467383% 0.000000% 0.000000% 0.000000% 0.467383%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.486224% 0.000000% 0.000000% 0.000000% 0.486224%
0.467383% 0.000000% 0.000000% 0.000000% 0.467383%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 - 30 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
283,661.66 0.00 0.00 0.00 283,661.66
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
283,661.66 0.00 0.00 0.00 283,661.66
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.278552% 0.000000% 0.000000% 0.000000% 0.278552%
0.252040% 0.000000% 0.000000% 0.000000% 0.252040%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.278552% 0.000000% 0.000000% 0.000000% 0.278552%
0.252040% 0.000000% 0.000000% 0.000000% 0.252040%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 - 30 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
459,508.44 0.00 0.00 0.00 459,508.44
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
459,508.44 0.00 0.00 0.00 459,508.44
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.934579% 0.000000% 0.000000% 0.000000% 0.934579%
0.880221% 0.000000% 0.000000% 0.000000% 0.880221%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.934579% 0.000000% 0.000000% 0.000000% 0.934579%
0.880221% 0.000000% 0.000000% 0.000000% 0.880221%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 - 15 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 1 0 0 1
79,294.53 0.00 0.00 79,294.53
30 Days 1 0 0 0 1
53,730.06 0.00 0.00 0.00 53,730.06
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 1 0 0 2
53,730.06 79,294.53 0.00 0.00 133,024.59
0-29 Days 0.323625% 0.000000% 0.000000% 0.323625%
0.218631% 0.000000% 0.000000% 0.218631%
30 Days 0.323625% 0.000000% 0.000000% 0.000000% 0.323625%
0.148145% 0.000000% 0.000000% 0.000000% 0.148145%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.323625% 0.323625% 0.000000% 0.000000% 0.647249%
0.148145% 0.218631% 0.000000% 0.000000% 0.366776%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 - 15 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 4 0 0 0 4
218,814.22 0.00 0.00 0.00 218,814.22
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 0 0 0 4
218,814.22 0.00 0.00 0.00 218,814.22
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.736648% 0.000000% 0.000000% 0.000000% 0.736648%
0.397278% 0.000000% 0.000000% 0.000000% 0.397278%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.736648% 0.000000% 0.000000% 0.000000% 0.736648%
0.397278% 0.000000% 0.000000% 0.000000% 0.397278%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.183568%
Weighted Average Pass-Through Rate 5.928067%
Weighted Average Maturity(Stepdown Calculation ) 285
Beginning Scheduled Collateral Loan Count 2,928
Number Of Loans Paid In Full 17
Ending Scheduled Collateral Loan Count 2,911
Beginning Scheduled Collateral Balance 411,495,665.93
Ending Scheduled Collateral Balance 408,378,949.77
Ending Actual Collateral Balance at 31-Aug-2004 408,885,068.21
Monthly P &I Constant 2,757,984.26
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 4,886,167.71
Class AP Deferred Amount 0.00
Scheduled Principal 637,557.87
Unscheduled Principal 2,479,158.29
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 30 Year Fixed 3 - 30 Year Fixed
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year
Weighted Average Coupon Rate 6.360638 6.358149 6.211851
Weighted Average Net Rate 6.110638 6.108149 5.961851
Weighted Average Maturity 356 357 356
Beginning Loan Count 1,242 722 107
Loans Paid In Full 8 4 0
Ending Loan Count 1,234 718 107
Beginning Scheduled Balance 153,549,442.43 113,373,231.98 52,222,711.00
Ending scheduled Balance 152,669,892.33 112,470,109.38 52,164,387.05
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 959,977.72 708,037.57 321,582.15
Scheduled Principal 146,084.09 107,334.28 51,249.08
Unscheduled Principal 733,466.01 795,788.32 7,074.87
Scheduled Interest 813,893.63 600,703.29 270,333.07
Servicing Fees 31,989.47 23,619.43 10,879.71
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 703.78 519.62 239.33
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 781,200.38 576,564.24 259,214.03
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.105138 6.102649 5.956351
Group Level Collateral Statement
Group 4 - 15 Year Fixed 5 - 15 Year Fixed Total
Collateral Description Fixed 15 Year Fixed 15 Year Mixed Fixed
Weighted Average Coupon Rate 5.263287 5.915013 6.183568
Weighted Average Net Rate 5.013287 5.665013 5.933568
Weighted Average Maturity 177 177 285
Beginning Loan Count 309 548 2,928
Loans Paid In Full 0 5 17
Ending Loan Count 309 543 2,911
Beginning Scheduled Balance 36,299,639.92 56,050,640.60 411,495,665.93
Ending scheduled Balance 36,158,188.61 54,916,372.40 408,378,949.77
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 294,666.91 473,719.91 2,757,984.26
Scheduled Principal 135,454.06 197,436.36 637,557.87
Unscheduled Principal 5,997.25 936,831.84 2,479,158.29
Scheduled Interest 159,212.85 276,283.55 2,120,426.39
Servicing Fees 7,562.42 11,677.22 85,728.25
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 166.37 256.90 1,886.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 151,484.06 264,349.43 2,032,812.14
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.007787 5.659513 5.928067
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 5.589047%
Subordinate % 5.122307%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.877693%
Group 2 - 30 Year Fixed
CPR 8.112729%
Subordinate % 5.056723%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.943277%
Group 3 - 30 Year Fixed
CPR 0.162608%
Subordinate % 5.133667%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.866333%
Miscellaneous Reporting
Group 4 - 15 Year Fixed
CPR 0.198819%
Subordinate % 3.779705%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.220295%
Group 5 - 15 Year Fixed
CPR 18.370906%
Subordinate % 3.739874%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.260126%
Group